TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Category : Retail
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
Lululemon See Rise in Sale
Sees Good Demand for Workout Apparels, Women’s wear Lululemon reported third-quarter sales of $1.1 billion, up 22% from a year ago, beating analysts’ estimates as...
TESCO TO SELL ITS THAILAND AND MALAYSIAN BUSINESS
Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited...
Impact on Retail Sales of EU Lockdown just before the biggest shopping season of the year i.e. Christmas
Lockdown just before the biggest shopping season of the year i.e Christmas will be a huge blow especially to clothing retailers who wait for the...
Flipkart to buy 8 percent stake in Aditya Birla’s fashion unit for $204 million
Walmart Inc’s Flipkart will buy a 7.8% stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million),the fashion retail company. “...
VENU NAIR JOINS AS THE MD AND CEO OF SHOPPERS STOP
Department store chain Shoppers Stop Ltd., announced the appointment of Trent’s Venu Nair as its Managing Director and Chief Executive Officer effective 6 November, 2020....
H&M TO EXPAND STORE IN LUCKNOW
The Swedish company considers India as an important market and look forward to increase its presence through both, online and brick-and-mortar approach. The group is...
H&M TO INVEST IN ONLINE RETAIL THAN PHYSICAL
Hennes & Mauritz will exit the coronavirus crisis in better shape, according to its new chief executive,as she announced plans to close a record number...
The US Fashion Retail Bankruptcies
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...